Nikkei rallies to fresh highs: by Milan Cutkovic

  • The Nikkei is currently up 2.50 % on the day
  • All major Asian stock indices are in the green as well, inspired by gains in US equities
  • The S&P closed 2 % higher yesterday, while the DJIA gained 1.40 %
  • Meanwhile, USD/JPY isn’t benefiting much from the move in Japanese equities, being stuck around 107.00
  • Banks report that flows were light overnight
  • Bids noted at 106.60, while offers in good size towards 107.20
  • Stops resting above – might see a boost in momentum once taken out

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